Generali: Insurer cuts 800 jobs and closes three locations

The Italian insurer Generali is cutting 800 jobs in Germany by 2030 and closing three locations. The company in Munich announced that Aachen, Nuremberg and Stuttgart will be eliminated and merged with neighboring regional centers. In the future there will be five regional centers in Munich, Cologne, Karlsruhe, Hamburg and Saarbrücken. In addition, the Frankfurt, Leipzig and Berlin locations will remain.

According to its own information, Generali Germany employs around 9,100 people. CEO Stefan Lehmann justified the move with the rapid and drastic changes in the insurance industry: "With the planned changes, we are creating the conditions to continue to grow profitably in the future and to offer our customers and sales partners first-class solutions and services."

Management now wants to negotiate the plans with the group works council. Generali wants to implement job cuts primarily through voluntary resignation, retirement and natural fluctuation. At the same time, new employees should be hired with skills that the company considers important for the future.